BCBS of Montana refunds $1.3M to over 5k college students

BlueCross BlueShield of Montana has returned $1.3 million to more than 5,600 college students from Montana universities, according to Montana Public Radio.

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Recently, Montana State Insurance Commissioner Monica Lindeen questioned the reasoning behind BCBS of Montana raising premium rates for its 2014-15 student plan, according to KGVO.com. Through a settlement, the insurer agreed to lower the premium increase and refund the students.

Most of the students received checks of approximately $170. “I think that was probably a nice surprise, I’m hoping, after those students got those checks in the mail,” said Commissioner Lindeen, according to the report.

More articles on payer issues:
Study: Covered California helps control premiums
WellCare gets profit boost from Medicare enrollees
The sad state of trust in healthcare

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